When a customer's need for a product is not urgent, demand tends to be

According to the Application, one factor which was responsible for roughly one-third of hybrid vehicles purchased in 2007 was an increase in the price of gasoline

The increase in sales due to higher gasoline prices describes the economic concept of A) marginal thinking. B) rational self interest. C) using assumptions to simplify. D) ceteris paribus.

The idea that a $1 increase in infrastructure spending will generate more than $1 in economic growth is a representation of

A) the multiplier effect. B) an automatic stabilizer. C) an outside lag. D) an inside lag.